They did not release the earnings of these boxers to the public. Ross, the Lemon Pepper Lord of Lyrics, has a net worth estimated at $40 million. The property includes a basketball court, a tennis court, a gym, a pool and a home theater. Gambling related content is not intended for anyone under the age of 21. At Evander Holyfields absolute peak and accounting for spending, he was likely worth just over $200 million total at his peak according to Networth Buzz. Meanwhile, a federal lawsuit was filed two weeks ago in Utah seeking repayment of $550,000 in loans allegedly made to Holyfield to pay for landscaping on his 95-hectare estate. The property is located in Atlanta, Georgia and priced at $5.8 million. His then-18-year-old daughter sued him for $300,000 of it. The estate is located on 235 acres of land and has 109 rooms, 12 of which are bedrooms and 21 of which are bathrooms, making it the largest single-family home in Georgia. Evander Holyfields home in Fayetteville, Georgia has been sold for $5.879 million to rapper Rick Ross. Holyfield also committed to paying for his three childrens private educations as a personal commitment. Surely it wasn't, but it may have been a bit easier had the former champion not blown all his cash on mansions, cars, and gambling. Evander Holyfield by TKO, 1: . More families mean more money, and Holyfield has several families. Even though The Real Deal has been training for a comeback fight for quite some time, fighting Vitor Belfort will not be a simple task, even for prime Holyfield. The new estate comes with a number of incredible specs, including: Maintenance doesnt come cheap, with a near $1 million spent every year just to keep the lights on. A bowling alley, a movie theater, and a movie theatre are among the attractions at Rick Ross mansion, which has 109 rooms. The Englishman ended his career with seven consecutive losses, his last fight coming in December 2015. Evander Holyfield will return to the ring Saturday against a legendary mixed martial artist, former UFC light heavyweight champion Vitor Belfort. Outkick is a company that produces videos. In 1998, the first world heavyweight title was awarded. His career took off after he won the IBF world title in 1996. He also had to pay massive penalties to the IRS over previous non-payment when his yearly earnings were still in the tens of millions. "If Holyfield doesn't want this to go on his BoxRec due to his age, we'll allow him to make the decision and still follow all the other rules," Triller co-founder Ryan Kavanaugh told ESPN. Holyfield took out a mortgage for $14 million on the home. The wealthy businessman made a killing when he purchased the opulent estate for $5.8 million. Was it worth his pride? Mike Tyson chomps on the ear of Evander Holyfield in the third round of their WBA heavyweight bout in Las Vegas in 1997. Evander Holyfield was once thought to have earned more than $230 million in a single fight purse. How Much Did Evander Holyfield Pay For His House. Regardless of the overriding ethical questions at play, 58-year-old Evander Holyfield is still set to headline a boxing pay-per-view card on Saturday in the year 2021 against 44-year-old former . His total earnings were pinned down by the Independent as around $513 million, with nearly half of that coming from endorsements and other earnings outside of the ring. What happened? Rumor has it that the larger-than-life hip-hop icon and MayBach Music founder has made a massive buy in Georgia, buying up a ridiculous 44,234-square-foot mansion built for and previously owned by boxing legend Evander Holyfield. Vitor Belforts pressure proved to be too much for Evander Holyfield. With lawsuits and penalties to the IRS, Holyfields net worth drastically dropped until it stabilized at around $500,000. foot guest house, a 12-stall barn, and a five-acre lake. Former heavyweight boxing champion Evander Holyfield lost all of his fortune but how did it all happen News How did Evander Holyfield lose all his money? Holyfield also went through three divorces. Holyfield lost money on failed business ventures and, as the Independentreported in 2012, by blowing it at every casino in Las Vegas and Atlantic City. Vitor Belforts Professional Boxing Record: Has He Boxed Before? According to Rozay, the 105-acre home, which is located on land, has become a tourist destination. Many rooms were transformed for the latter films sequel, which was created in a suitable setting. And he seems happy again. The divorces were certainly costly, but not nearly as expensive as his obligations to his children. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Oscar de la Hoya Sad Hospitalization Video Leaks. That was Belfort's fourth loss in six Octagon appearances. And he remained on the hook for that massive mortgage. How did Evander Holyfield lose his house . Mansion has been the ideal location for two movies, Superfly and Coming 2 America. The Boxing Tribunesays he dropped most of his cash betting on a variety of different sports. After the fight, boxing insider Dan Rafael implied that Triller was paying Holyfield $5-6 million dollars to fight Belfort on a weeks notice. Allan is a semi-professional June 6, 2021, 5:50 pmupdated June 7, 2021, 6:18 am he's bragging about making an outrageous amount of cash for the gig, and his deal has a . ET. "I used to be foolish, but I ain't foolish no more.". Evander Holyfield's loss is Rick Ross' gain. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. His wealth was quickly slashed in two, and he agreed to $36,000 in yearly payments for child support. The fight will be contested over eight, two-minute rounds with 12-ounce gloves. But today, he only holds a small fraction of his former net worth. According to a lawsuit Evander Holyfield recently had with Triller, hell be paid $5 million for the fight. Even recouping proved to be a financial loss. Rodriguez said Holyfield was let down by the people around him during his fighting days. Owing nearly $15 million on the property with no end to his debt in site, Holyfield sold the absolutely massive Fayetteville mansionconsidered the largest single-family home in the state of Georgiato a bank in 2012 for $7.5 million. Football, basketball, boxing, it didn't matter. Plus you gotta understand, they saying fight somebody who boxing ain't his thing.". arrivals in the venue shortly after 6 p.m.an hour before the pay-per-view broadcast got started. "If Triller and the fighters elect to not have this go on BoxRec, we will honor that request, but pro boxing rules will still apply with judges, scoring and a clear winner just as if it were a pro bout.". The sport of boxing is one of the most lucrative in the world, with the ability to produce some of the best fighters of all time. After all, the perils of riches lay mostly in how they're spent. His expenses kept his net worth somewhat depressed despite all that revenue. Regardless of age, every fighter requires an ophthalmic exam within the last 12 months and a physical exam. In the photo below, therap mogul is seen lording over the grand double-staircase in the mansions foyer. In February 2009, Evander Holyfields 54,000 square-foot estate in Fayetteville, Georgia, was sold at auction for $7.5 million to a group of investors. demolished in his fight against the former UFC champion which ended in the first round. pursuing a bachelor's degree in English Literature. But blind opulence such as this does come at a cost, and Ross better come prepared to cut sizable monthly checks. 58-year-old Evander Holyfield will take on Vitor The Phenom Belfort. To demonstrate its commitment to investing in distressed assets, the bank purchased this property. All rights reserved. You are agreeing to OutKick's Terms of Use and Privacy Policy, but don't worry we don't spam. However, he lost all his money almost as quickly as he earned it. Rick Ross Buys Insane 109-Room Mansion From Evander Holyfield, Boxing Legend, TV Judge Mills Lane Dead At 85, Former NFL Defensive End Greg Hardy Beats Hasim Rahman Jr. With Big Knockdown In Professional Boxing Match Without Training, Bare Knuckle Fighter Nathan Decastro Looks Like The Elephant Man After Bloody Hits To Left Eye, Jake Paul Offers Draymond Green $10 Million For Boxing Match. And yes, this will be his first fight since he defeated Brian Nielsen in 2011, capping one of the greatest in-ring careers of all time. Holyfield reportedly spent an additional $1.5 million on furnishings and decor for the home. The home, which Holyfield lost due to foreclosure a year prior, has a. Email: jorge@brobible.com. A Florida Athletic Commission spokesman told ESPN the commission "stands prepared to regulate the Evander Holyfield-Vitor Belfort bout as a sanctioned fight that would appear on both fighters' official boxing record. The home, which is located in the posh Buckhead neighborhood, is 16,000 square feet and features seven bedrooms, eight bathrooms, and a four-car garage. He was a champion whose professional career endured from 1984 until his final fight against Sherman Williams in 2011, when Holyfield was 48 years old. Celebrity Net Worth notes that Holyfield earned a whopping $230 million from fight purses alone. "You are absolutely right," Holyfield said. Boxing matches featuring men are always three-minute rounds, and at the top level, are contested over 10 or 12 rounds. However, he lost all his money almost as quickly as he earned it. Evander Holyfield was forced to sell his 109-room mansion to rapper Rick Ross (Image: Getty Images) The 109-room mansion in his hometown of Atlanta was labelled as a monument to his success, but was auctioned in 2008 with Ross acquiring it for 4.2million. Ward never competed anywhere near the top level, but there is Jack Johnson, the all-time great who became the first Black heavyweight champion in 1908. The mansion, which Holyfield had originally put on the market for $10 million, had been foreclosed on in 2008. Full Spectrum Services LLP 2022 | All Rights Reserved. 2023 CNBC LLC. According to Bleacher Report, the exhibition fight has been postponed and no new date has been announced, though there are tentative plans for it to be mid-June. Back in 2014, Rick Ross bought legendary boxer Evander Holyfield's mansion in Fayatteville, Ga. for $10 million. "If he had the right team behind him, he would have never lost his fortune.". Just like Mike Tyson, Evander Holyfield somehow managed to blow through a fortune that at one time peaked above $200 million. Evander Holyfield vs. Vitor Belfort -- Round 1: Holyfield opened up with a few jabs as Belfort circled with his guard up high. def. I do what I have to do.". Evander Holyfields amazing 109-room Georgia home he sold to Rick Ross for 4.7m boasts bowling alley, theatre and pool https://t.co/L1SPTwOPsO, According to the Daily Mail, the 38-year-old rapper purchased the home which Evander had to sell to a bank at a public auction as part of a foreclosure for $7.5 million in 2012.. On its 235-acre grounds is a handball court, a softball field, a tennis court, a seven-stall barn, and a 350,000-gallon pool billed as one of the largest in the nation. Ross Rolls Royce Phantom Drophead Coupe, which is housed in the massive garage, is the ideal vehicle for the massive garage. A legal notice from Washington Mutual Bank in June of 2008 revealed that the 54,000 . Peek inside this epic slice of superstar real estate. The Real Deal took home a bronze medal from the 1984 Olympic Games, won his first junior heavyweight title in '86, and became the undisputed cruiserweight champion in '88. He lost the title to Mike Tyson in a second fight after winning it the first time. One of his six sons is Elijah Esaias Holyfield, a footballerrepresenting the Carolina Panthers in the NFL. The publication likewise says he wasn't very good at the whole gambling thing, and Holyfield went bankrupt. Evander Holyfield to pay $36,000 a year in child support By JOHN HOLLIS Former heavyweight boxing champion Evander Holyfield and the Clayton County woman with whom he fathered a child reached a financial agreement Wednesday afternoon. Copyright 2008-2023 BroBible. The $230m he earned over a. Known as the 'Real Deal', Holyfieldalso famously had part of his ear bitten off by Tyson during their title fight in 1997. One of heavyweight boxing's biggest names estimates he earned US$200 million (NZ$312m) from his 26 years in the ring. Both fighters also weren't supposed to push for a knockout. Smith received cash and property from the 2012 divorce, including child and spousal support. The boxing career of Evander Holyfield was reborn after his release from prison. https://t.co/6f7eB955Xr, Mark Ortega (@MarkEOrtega) September 12, 2021, Brobible sports editor. The home was said by Daily Mailto cost Holyfield a solid $1 million per year, and that's just in taxes and upkeep. Due to the immense difficulty and bodily strain of fighting in the first place, fighters earnings are often on the scale of hundreds of millions by the time they wrap up their careers. Holyfields wealth was unimaginably massive, but expenses have a way of scaling up to any level. His third wife, Candi Calvana Smith, filed a restraining order against Holyfield in 2010 after he allegedly assaulted her in front of the children during a heated argument.